Studsvik’s Interim Report for January – June 2016

  •  In April 2016 Studsvik signed an agreement to sell the company’s operations in the Waste Treatment business area in Sweden and the United Kingdom.
  •  Sales in the quarter were by and large unchanged at SEK 176.3 (177.7) million. In local currencies sales increased by 0.2 per cent.
  •  The operating profit for the quarter amounted to SEK –1.2 (0.8) million. Items affecting comparability impact earnings by SEK –5.0 (0) million.
  •  The free cash flow was SEK –29.2 (–38.9) million.
April-June 2016 April-June 2015 Jan-June 2016 Jan-June 2015 Full year 2015
Sales, SEK million  176.3 177.7 347.9 334.5 721.2
Operating profit, SEK   million  –1.2 0.8 9.5 –0.9  36.6
Profit after tax, SEK million  1.7 –4.9 7.6 –7.3 14.6 
Free cash flow, SEK   million* –29.2 –38.9 –31.3 –43.7 –29.8
Net debt, SEK million* 165.9 148.5 165.9 148.5 134.3
Net debt/equity ratio, %* 61.9 49.2 61.9 49.2 45.0
Profit per share after tax, SEK 0.20 –0.60  0.92 –0.89  1.78
Equity per share, SEK* 32.62 36.70 32.62 36.70 36.30
*Refers to   total operations 

        

The interim report will be presented at a telephone conference call according to separate distributed invitation at 1:30 PM CET today.

Please read the full interim report in the attached file.

For further information, please contact:

Michael Mononen, CEO, +46 155 22 10 86 or, Pål Jarness, CFO, +46 155 22 10 09

Facts about Studsvik

Studsvik offers a range of advanced technical services to the international nuclear power industry in such areas as consultancy services and fuel and materials technology. The company has over 65 years’ experience of nuclear technology and radiological services. Studsvik has 700 employees in 7 countries and the company’s shares are listed on the Nasdaq Stockholm.

This information is information that Studsvik AB (publ) is obliged to disclose pursuant to the EU Market Abuse Regulation and the Securities Market Act. The information was released for public disclosure, through the agency of the contact persons above, on July 22, 2016, at 08:30 am (CEST). 

www.studsvik.com

About Us

About Studsvik Studsvik offers a range of advanced technical services to the international nuclear power industry in such areas as waste treatment, consultancy serices and operating efficiency. The company has 65 years’ experience of nuclear technology and radiological services. Studsvik has 1,000 employees. The company's shares are listed on the NASDAQ OMX Stockholm.